India may fall around 7 GW short of its ‘60 GW by 2022’ utility-scale solar target if the power purchase agreement revision proposal by the state government is implemented.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
Plant load factor for thermal power generators ramped up to 70-80% between July 2019 till date while solar power projects were arbitrarily backed down by more than 60-70% of their operational capacity during the same period.
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Revoking PPAs with renewable developers will undermine national climate and air pollution goals and lock in higher electricity costs for the state by jeopardizing new renewable projects.
Legal decision is the latest blow to new chief minister Jaganmohan Reddy’s determined attempt to reverse the clean energy gains made by his predecessor N Chandrababu Naidu.
The ground-mounted plant—located at the Kadapa cement manufacturing facility in Andhra Pradesh—was completed in a record two months for captive electricity consumption.
The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
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